The foreign investors started to conduct net sell on June 26 with an accumulation of IDR1.89 trillion in the end of June thus ownership down to IDR224.42 trillion.
Analyst Ariawan from PT Mega Capital Indonesia viewed foreign investors will continue to conduct profit taking. “It is seen the minimum foreign investor ownership growth in the past few weeks,” he said on Wednesday (7/4/2012).
According to him, short trading strategy by foreigner following the high volatility due to the global crisis.
Furthermore, Indonesia Islamic bonds issuance is projected to miss investor demands who eyeing high return following the narrowing yield.